Glossary
With over 200 terms in both English and French, our M&A Dictionary is designed to help you better understand the key words and concepts related to the sale oe purchase of a business in Canada.
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Family Succession
« Back to Glossary IndexCategory: Mergers and Acquisitions
Refers to the process of transferring ownership and control of a family-owned business from one generation to another. It involves the transition of leadership and decision-making authority within the family, often from the current owner or founder to a family member who is usually the next generation. It’s worth noting that family succession in M&A is distinct from other forms of M&A transactions, such as selling a business to an external party. The unique dynamics of family relationships, emotional ties to the business, and a focus on preserving the family legacy can introduce additional complexities and considerations in the M&A process.
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